The First Participation in Overseas Logistics Facility Development Projects: Implementation of Two Projects in Strategic Locations. Established a subsidiary in Thailand: Tokyo Tatemono (Thailand) Ltd.
Tokyo Tatemono Co., Ltd. (Head Office: Chuo-ku, Tokyo; Representative Director, President & Chief Executive Officer: Hitoshi Nomura; hereinafter “Tokyo Tatemono”) hereby announces that it has established a subsidiary in Thailand, namely “Tokyo Tatemono (Thailand) Ltd.” (hereinafter, “Tokyo Tatemono Thailand”)*1 and will participate in new logistics facility development projects in Thailand through this company.
Moving forward, Tokyo Tatemono Thailand, in cooperation with SCX Corporation Company Limited (Head Office: Bangkok, Thailand; hereinafter, “SCX”),subsidiaries of the market-leading Thai real-estate developer SC Asset Corporation Public Company Limited(Head Office: Bangkok, Thailand; hereinafter, “SC”), will implement two logistics facility development projects provisionally named the Metrocat Project and the Laem Chabang Project (hereinafter, the “Projects”). The Projects are Tokyo Tatemono's first overseas logistics development projects.
*1 Commencement of operations on April 1, 2024
In order to capitalize on business opportunities in the fast-growing Southeast Asia region, Tokyo Tatemono established Tokyo Tatemono Asia Pte. Ltd. (Head Office: Singapore; hereinafter, “Tokyo Tatemono Asia”) in 2014 and has been engaged in condominium development and office development businesses in Thailand since 2018. Recently, through Tokyo Tatemono Thailand, a joint business agreement has been signed with SCX, in relation to the Projects. Tokyo Tatemono will implement the Projects by making the most of the logistics facility development know-how it has accumulated in Japan, and that SC and SCX have in Thailand, Tokyo Tatemono will continue to scale and seek further business expansion opportunities within the Logistics sector and beyond.
Projects characteristics
Metrocat Project (tentative name)
The property is strategically located on the main Bangna-trad Road, a leading logistics hub close to Suvarnabhumi International Airport, close to Bangkok CBD. With easy access to the Bang Na Expressway, which connects to Bangkok CBD, it is an area with strong demand for storage warehouses and distribution centers for e-commerce and consumer goods. The property is planned to have a total of five warehouse buildings and 15 lots, including a multi-tenant logistics facility and a BTS*3 warehouse to meet the demand of tenant companies.
*3 Abbreviation for build to suit, a logistics facility developed to meet the needs of a specific customer.
Laem Chabang Project (tentative name)
The property is situated close to the Laem Chabang Deep Sea Port, the largest international trading port in Thailand, and is within the Eastern Economic Corridor (hereinafter, “EEC”), a special economic zone being promoted by the Thai government. With the Thai government's policy to promote the EV industry, there is an increasing number of new automobile-related factories entering industrial parks within the EEC, and there is growing demand for logistics facilities to store bonded warehouses and related parts for export purposes. The property is planned to have a total of three warehouses with a total of 10 lots.
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